Competitive Analysis: Global Aquaculture Products Market
The global aquaculture products market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Aquaculture Products market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Rise in demand for aquatic products and increased levels of population will drive the market for Aquaculture Products globally. This trend will raise the initial estimated market value from USD 29.3 billion in 2018 to an estimated value of USD 52.3 by 2026, registering a CAGR of 7.5% in the forecast period of 2019-2026.
Market Definition: Global Aquaculture Products Market
Aquaculture products are mainly used for the purpose and betterment of aquafarming practices. These products include the equipment required for better maintenance of ponds, and feeding, cleansing of farms through chemicals, and also prevention of diseases. These products are intensively used in preparation of sites where aquafarming is performed.
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Segmentation: Global Aquaculture Products Market
By Rearing Product Type
- Water pumps and filters
- Containment equipment
- Water circulating and aerating equipment
- Cleaning equipment
- Aquatic plants
- Aquatic animals
By Production Type
- Medium & Large Scale
- Brackish water
- North America
- South America
- Middle East and Africa
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Global Aquaculture Products Market Key Competitors:
Few of the major market competitors currently working in the Aquaculture Products Market are Pentair plc, AKVA group, Xylem, Aquaculture Systems Technologies LLC, luxsol.ru, Pioneer Group, CPI Equipment Inc., ASAKUA, Huon Aqua, Eastern Fish Company, Intl Fish Farming, GRUPO NUEVA PESCANOVA, Frea Aquaculture Solutions ApS, Lifegard Aquatics, Tan International, Reef Industries, Inc., Aquafarm Equipment AS, Aquaculture of Texas Inc., Cermaq, Cooke Aquaculture, Grupo Farallon Aquaculture, Lerøy, Marine Harvest, Bakkafrost, Selonda SA, Stolt-Nielsen, Tassal, Thai Union Group PCL, Blue Ridge Aquaculture Inc., and Nireus.
- Rising demand of seafood in the Asia-Pacific region has boosted the farming of aquatic animals and that has caused a sharp rise in the demand for aquaculture products
- Developing regions are gaining the help of the government authorities as aquafarming is one of the major source of employment
- Overfishing for feed is acting as a major market restraint, as the maintenance of aquaculture products require wild fish as protein and that has caused the depleting of wild fish
- Rising pollution levels and chemical wastes is causing major market restraints to the aquaculture market
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